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The Latest Breaking News from Economy

Civil War Economy Hits Myanmar Garment Workers

As civil war pounds Myanmar's economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach.

International Business Times

Australia took its interest rate medicine – and it has poisoned our living standards

Even as we spent less, the Reserve Bank kept raising rates – and now household disposable income is back to what it was in 2015

The Guardian - AU

Navigating AI Transformation: Insights From M&A Expert Brett Davis Of Continuum Advisors

With AI projected to contribute $15.7 trillion to the global economy by 2030, 77% of businesses reported either using or exploring the use of AI in their strategies, with 83% making it their top priority.

International Business Times

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How The Heavier Weight Of EVs Affects Tire Choice And Performance

This is a sponsored article from our partners at ERANGE EV.Today’s tires are a marvel of engineering, providing thousands of miles of useful life, a quiet ride, fuel economy benefits, and more. Tire manufacturers offer products for a range of vehicle types and uses, including tires made specifically for electric…

InsideEVs

Viral posts claim stimulus checks are on the way. Here’s what you should know

False rumor comes after exit polls revealed the economy was the biggest issue to almost one third of voters

The Independent UK

Ford to cut 4,000 jobs in Europe, cites disruptive shift to electric vehicles, economic headwinds

Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker-than-expected sales of electric cars

The Independent UK

Financial statements from Grangemouth owner give ‘distorted picture’, says union

Unite Scotland’s regional secretary Derek Thomson made his comments as he appeared before Holyrood’s Economy and Fair Work Committee.

The Independent UK

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OPINION - The Standard View: Inflation – the incumbent killer – has still not entirely gone away

It is the incumbent killer, from Joe Biden to Rishi Sunak: inflation. Voters will put up with stubborn unemployment and low growth, but they absolutely hate rising prices. Labour has had the good fortune of coming to office as inflation had fallen back to target, a far cry from the…

Evening Standard

From far-right gains to the economy: What’s at stake in Germany’s election?

Germans will head to the polls early next year after the coalition led by Chancellor Olaf Scholz collapsed.

Al Jazeera

Goldman Sachs tells investors Trump’s tariffs pose a major ‘event risk’ and to expect slower growth in 2025

The investment bank forecasts 11% growth in the S&P 500 next year and warns the economy will be pulled in two different directions.

Fortune

The NT and ACT might have small populations but their economies are growing faster than the bigger states

The Northern Territory and Australian Capital Territory have won bragging rights for having the fastest growing economies within Australia.

The Conversation

Budget update will revise down company tax receipts but treasurer Chalmers welcomes economy’s ‘soft landing’

Next month’s federal budget update is expected to revise down company tax receipts for the first time since 2020, amid continued low economic growth in the near term.

The Conversation

Dutton’s position on international student caps ‘utterly reckless’, Giles says – as it happened

This blog is now closed

The Guardian - AU

Canadians are much more pessimistic about money than Americans, new survey shows

The mood of Americans has been a hot topic in the news lately, especially following the recent United States presidential election. Enter the term “vibecession,” which describes the disconnect between people’s personal financial situations and the broader economy.

The Conversation

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PC Gamer

You can turn Microsoft Flight Simulator 2024 into 'basically an economy sim' where you hire pilots to fly for you

The new career system will let you eventually own the company, design a logo, and be your own boss.

Top News

Haitian Migrants Leaving Springfield, Ohio After Trump's Election Win

Springfield, Ohio faces challenges as Haitian migrants leave due to Trump's election, impacting economy and community.

StockNews.com

Does Trump Change Stock Market Outlook?

The rally of the S&P 500 (SPY) after the election gives a sense that investors are happy that Trump was elected. But perhaps there is more to this story than meets the eye. That’s why Steve Reitmeister shares his updated market outlook taking into account the pros and cons of…

The Independent UK

Bank of England boss warns over ‘fragmenting’ world economy amid Trump tariffs

Governor Andrew Bailey said he does not want to ‘jump to conclusions’ on the effect of proposed tariffs until they are confirmed.

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Salon

Protect yourself in a Trump economy

From higher tariffs to mass deportations, here's what economists are watching

The Guardian - UK

Housework to green energy: the new markers of growth in rival metric to GDP

Sustainability-focused inclusive income formula accounts for non-monetary factors overlooked in GDP, says ONS

Evening Standard

Prime Minister says UK growth figures ‘not good enough’

Sir Keir Starmer said he wanted to stabilise the economy.

The Guardian - UK

Keir Starmer denies budget to blame for rise in mortgage rates

PM says budget stabilised the economy, while mortgage rates are ‘individual decisions for the banks’

The Guardian - AU

Morning Mail: voters voice Trump fears, Russian anger over Kyiv missile decision, Sam Kerr baby joy

Guardian Essential poll shows Australians fear incoming president’s impact on security and world economy

The Guardian - AU

Guardian Essential poll: almost half of Australian voters want Aukus reviewed after Donald Trump’s election win

Survey also reveals concern about Trump’s effect on economy and climate crisis – although 48% think hotter summers caused by ‘normal fluctuations’

MarketBeat

Why Buffett Dumped Apple and Bet Big on Domino’s Stock Instead

Here's why Warren Buffett sold Apple stock and invested in Domino's, signaling his outlook on inflation and the broader economy.

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